Regulatory Alerts2022-04-15 | DOF 5649187Added · Updated
General Provisions Approving Surety Bond Models as Guarantees in Public Contracts under the Law on Acquisitions, Leases and Services of the Public Sector and the Law on Public Works and Related Services
The Secretariat of Finance and Public Credit approves mandatory models for surety bonds covering advances, performance, and hidden defects for public contracts under the Law on Acquisitions, Leases and Services of the Public Sector and the Law on Public Works and Related Services. These models must be included in contracts, orders, and bidding bases by federal dependencies, entities, federative entities, and municipalities. The provisions enter into force 30 business days after publication, allowing time for administrative adjustments, while existing bonds remain valid under their original terms.
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